Senate narrowly confirms Sandra Thompson to lead Fannie, Freddie regulator
49-46 party-line vote follows Republican leader's call for a referendum on the Biden administration’s 'radical housing policy'
by Matt Carter May 26
Keller Williams' lending arm, Keller Mortgage, posts new round of layoffs
The scale of the latest round is unclear, but more than a dozen Keller Mortgage employees posted notices on LinkedIn Tuesday that they'd been laid off, with some describing the cuts as 'huge'
by Matt Carter May 25
Lower mortgage rates fail to rekindle homebuyer interest
As mortgage rates continued to retreat from highs set the first week in May, demand for purchase loans was essentially flat last week, according to MBA's Weekly Mortgage Applications Survey
by Matt Carter May 25
Opendoor teases a non-MLS platform to market its inventory
Opinion
Tucked away in Opendoor's recent earnings call was an illuminating statement by its CEO that sheds light on its exclusive supply strategy
by Mike DelPrete May 25
Homepoint is first wholesale lender with cash offer product
Powered by Accept.inc, Homepoint Cash Compete program is available at launch in six states: California, Colorado, Minnesota, Oregon, Texas and Washington
by Matt Carter May 24
Ribbon, Crye-Leike partner to launch Power Buyer services in Arkansas
A leading independent real estate brokerage Crye-Leike, was Ribbon's partner in launching Power Buyer services in Alabama in December. Ribbon's goal to serve half of U.S. by year's end
by Matt Carter May 23
Hometown Lenders eyes national expansion with 14 new branches
While other mortgage lenders are laying off workers, Huntsville, Alabama-based Hometown Lenders is advertising more than 40 jobs for loan originators, processors and other positions
by Matt Carter May 23
Lower partners with Orchard to offer Power Buyer services
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor
by Matt Carter May 20
Flueid gears up to support purchase and home equity loans
Title and escrow software-as-a-service provider's tech platform, Flueid Decision, can now detect solar panels and liens
by Matt Carter May 19
Home sales, homebuilding headed for a slowdown, Fannie Mae says
Not until next year do Fannie Mae's Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines
by Matt Carter May 19
Buyers are still fighting hard, despite costly home payments
The monthly mortgage payment on a typical home is more than 50% pricier than it would have been a year ago, according to Zillow's research team, yet competition remains fierce
by Daniel Houston May 19
What's next after housing cools down? This economist has an idea
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect
by Daniel Houston May 19
E-recording now an option for more than 9 in 10 Americans
Electronic document recording providers Simplifile, ePN, CSC, grow their networks even as business slows
by Matt Carter May 18
Competition declines for second straight month, report finds
Just 60.7% of home offers crafted by Redfin agents encountered competition in April — the lowest level since March 2021
by Ben Verde May 18
Compass approaching 'critical' cash burn: Mike DelPrete
Opinion
Compass is not in immediate peril, but it is approaching a critical juncture where it will either need to raise more money or reduce expenses
by Mike DelPrete May 18
Homebuyer mortgage demand falls even as rates ease from 2022 highs
Economic uncertainty and stock market volatility may have helped drive 12% decline in prospective homebuyers’ purchase mortgage applications, delaying home searches
by Matt Carter May 18